Asian markets end mostly higher on Monday

28 Sep 2020 Evaluate

Asian Markets ended mostly higher on Monday, despite escalating tensions between Washington and Beijing. In a major blow for China’s advanced tech ambitions, the US Commerce Department reportedly ordered US companies to seek permission before selling their technologies to Chinese semiconductor giant Semiconductor Manufacturing International Corp (SMIC). Renewed hopes of more US stimulus measures further buoyed sentiment, but a cautious undertone prevailed as US President Donald Trump and former vice-president Joe Biden prepare to square off in their first pre-election debate on Tuesday. However, some gains were capped by fears of resurgence of corona virus cases in Europe, which could dent the global economic recovery.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,217.53	-1.89	-0.06
Hang Seng	23,476.05	240.63	1.04
Jakarta Composite	4,906.55	-39.24	-0.79
KLSE Composite	1,511.66	2.52	0.17
Nikkei 225	23,511.62	307.00	1.32
Straits Times	2,483.01	10.73	0.43
KOSPI Composite	2,308.08	29.29	1.29
Taiwan Weighted	12,462.76	229.85	1.88

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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